Iteris Stockholders Approve Merger Agreement with Almaviva [Yahoo! Finance]
Iteris, Inc. (ITI)
NASDAQ:AMEX Investor Relations:
iterisinc.gcs-web.com/investor-relations
Company Research
Source: Yahoo! Finance
As previously announced, under the terms of the merger agreement, Almaviva will acquire Iteris in an all-cash transaction in which Iteris' stockholders will receive $7.20 per share of common stock, valuing Iteris at approximately $335 million equity value. The parties anticipate the transaction will close on or about November 1, 2024, subject to customary closing conditions. Upon completion of the merger, Iteris common stock will no longer be listed on any public market. More than 98% of the shares of Iteris common stock present, in person or by proxy, at the Special Meeting representing approximately 71% of Iteris' total issued and outstanding shares of common stock as of the record date, voted in favor of the merger agreement and transaction. "Our stockholders' overwhelming support for the transaction reflects the clear benefits of the transaction for investors, with the purchase price representing a significant 68% premium," said Joe Bergera, President and CEO of Iteris. "Achi
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ITI
News
- Iteris Completes Transaction with Almaviva [Yahoo! Finance]Yahoo! Finance
- Iteris, Inc. (NASDAQ: ITI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Iteris Stockholders Approve Merger Agreement with AlmavivaBusiness Wire
- Iteris, Inc. (NASDAQ: ITI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Iteris, Inc. (NASDAQ: ITI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
ITI
Earnings
- 8/8/24 - Beat
ITI
Sec Filings
- 11/1/24 - Form 4
- 11/1/24 - Form 4
- 11/1/24 - Form 4
- ITI's page on the SEC website